Some of Big Tech’s top leaders will be heading to Washington, D.C. soon to attend President-elect Donald Trump’s inauguration on Monday. Among them are Jeff Bezos, whose Blue Origin finally launched its New Glenn rocket into orbit this week, and Meta CEO Mark Zuckerberg, who is reportedly planning to cut 5% of the tech giant’s workforce as part of “an intense year.”
Read about this and more in this week’s tech news roundup.
Elon Musk, Jeff Bezos, Mark Zuckerberg, and other Big Tech leaders flocking to Trump’s inauguration
President-elect Donald Trump is expected to be joined by friends, family, and major technology firm CEOs when he’s sworn in as the next president of the U.S. on Monday.
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TSMC stock rose 5% as AI chip demand drove record net profit
Taiwan Semiconductor Manufacturing Company’s ( TSM ) U.S.-listed shares rose by more than 6% at the market open on Thursday morning.
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‘A new era’: Jeff Bezos’ Blue Origin launched a mega-rocket into orbit
Jeff Bezos’ Blue Origin on Thursday morning finally launched its massive New Glenn rocket into orbit, snagging a big win after years of delays.
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Quantum stocks continue rally after Nvidia and Microsoft say quantum is coming
Quantum computing stocks continued rallying Wednesday after quantum-related announcements from both Nvidia ( NVDA ) and Microsoft ( MSFT ).
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Biden wants to block China from getting TSMC’s and Samsung’s advanced chips
The outgoing Biden administration is introducing even more measures focused on keeping advanced chips out of China.
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It’s trying to bring back the woolly mammoth — and it just got $200 million
Colossal Biosciences, the world’s first company dedicated to bringing back animals from extinction, has secured $200 million in series C funding. The latest investment announced Wednesday doubles the tech company’s total funding to $435 million since its 2021 launch, boosting its valuation to $10.2 billion.
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Quantum computing stocks soar after Nvidia and Meta CEOs tanked them
Quantum computing stocks climbed during Tuesday morning trading after plunging earlier in the week.
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Mark Zuckerberg is reportedly starting Meta’s ‘intense’ year by laying off low-performing workers
Meta Platforms ( META ) is reportedly planning on cutting 5% of its workforce as the technology giant looks to continue CEO Mark Zuckerberg’s overhaul.
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Elon Musk might be asked to save TikTok. Here’s how much it could cost
China is reportedly considering asking Elon Musk to be its white knight as it increasingly appears that TikTok will be banned from the U.S. That could be a costly — but potentially worthwhile — play for Musk’s own social media platform.
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Mark Zuckerberg joined Nvidia’s CEO in doubting quantum computing — and the stocks plunge again
Quantum computing stocks are plunging again after another major tech leader cast doubts on the technology’s usefulness in the near future.
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Nvidia can’t wait for Trump as it bashes Biden’s ‘misguided’ AI rules — and the stock falls
Nvidia ( NVDA ) on Monday quickly slammed newly released Biden administration rules to regulate chip sales to foreign countries.
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